Creating hyperlink is an easy method where you can just go into particular cell and right clink then select the option called hyperlink option or you can just go to insert menu then select the Hyperlink option which is available in the menu bar. Once you select hyperlink option within these 2 options, you have to select location either within the document or outside the document.
Once you select either one of the methods in the above, you will get the below screen to link with other sources.
In the above screen we need to choose correct option based on our requirement. If you need to link with web page or Place in the current Document options most of the times in the Excel.